Promerica Financial’s $200 Million 144A/Reg S Offering

November 14, 2018

Cleary Gottlieb represented BofA Merrill Lynch and Credit Suisse as initial purchasers in the 144A/Reg S offering of $200 million 9.7% senior secured notes due 2024 by Promerica Financial Corp. (Promerica Financial).

The transaction priced on November 8, 2018, and closed on November 14, 2018.

Promerica Financial is the majority shareholder of a network of commercial banks, with operations across Ecuador, Costa Rica, Panama, Guatemala, Nicaragua, Honduras, El Salvador, the Dominican Republic, and the Cayman Islands.